Houston Bank & Trust Signs 19,600 Square Foot Lease At 2603 Augusta Drive In Houston
2603 Augusta Drive
Building Size
19,600 SF
Asset Type
Retail
Closing
Sep 8, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 2603 Augusta Drive in Houston, Texas, encompassing a total area of 19,600 square feet. This asset is owned by LandPark Advisors and is part of a larger building totaling 244,804 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Specified
- Asset Size: 19,600 SF
- Address: 2603 Augusta Drive
- Market: Houston, TX
- Landlord: LandPark Advisors
- Tenant: Houston Bank & Trust
- Broker: Collin Grimes - JLL
Houston Bank & Trust has secured a lease at this location, designating it as their new headquarters, trust department, and flagship branch. Collin Grimes of JLL represented Houston Bank & Trust in this leasing transaction.
On the Map
Retail
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Players
Augusta Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93